Dingdong ADR Correlations

DDL Stock

USD 2.32 0.03 1.31%

The current 90-days correlation between Dingdong ADR and Natural Grocers by is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dingdong ADR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dingdong ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dingdong ADR Correlation With Market

Modest diversification

The correlation between Dingdong ADR and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dingdong ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dingdong Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dingdong ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Dingdong Stock please use our How to buy in Dingdong Stock guide.

Moving together with Dingdong Stock

0.82	GO	Grocery Outlet Holding	Pair Corr
0.7	JZ	Jianzhi Education	Pair Corr
0.74	DNUT	Krispy Kreme	Pair Corr
0.76	DOLE	Dole PLC	Pair Corr
0.74	WGRX	Wellgistics Health, Buyout Trend	Pair Corr

Moving against Dingdong Stock

0.7	DG	Dollar General	Pair Corr
0.61	PM	Philip Morris Intern Earnings Call This Week	Pair Corr
0.53	DLTR	Dollar Tree	Pair Corr
0.52	EL	Estee Lauder Companies Earnings Call This Week	Pair Corr
0.48	TR	Tootsie Roll Industries Earnings Call This Week	Pair Corr
0.47	LW	Lamb Weston Holdings Earnings Call This Week	Pair Corr
0.33	MO	Altria Group	Pair Corr
0.33	YQ	17 Education Technology	Pair Corr
0.81	EWCZ	European Wax Center	Pair Corr
0.67	EDBL	Edible Garden AG	Pair Corr
0.56	EPSM	Epsium Enterprise	Pair Corr
0.41	WILC	G Willi Food	Pair Corr
0.41	FEDU	Four Seasons Education	Pair Corr
0.4	ADM	Archer Daniels Midland	Pair Corr
0.34	FAMI	Farmmi Inc	Pair Corr

Related Correlations Analysis

	NGVC	IMKTA	DNUT	GO	ZH	YMM	TUYA	RERE	BZ
NGVC		-0.53	0.36	0.59	-0.39	-0.33	-0.11	-0.73	-0.46	NGVC
IMKTA	-0.53		0.1	-0.16	0.64	0.3	-0.08	0.73	0.23	IMKTA
DNUT	0.36	0.1		0.83	-0.08	-0.54	-0.63	-0.42	-0.78	DNUT
GO	0.59	-0.16	0.83		-0.25	-0.45	-0.49	-0.61	-0.75	GO
ZH	-0.39	0.64	-0.08	-0.25		0.59	0.38	0.73	0.52	ZH
YMM	-0.33	0.3	-0.54	-0.45	0.59		0.82	0.65	0.86	YMM
TUYA	-0.11	-0.08	-0.63	-0.49	0.38	0.82		0.35	0.85	TUYA
RERE	-0.73	0.73	-0.42	-0.61	0.73	0.65	0.35		0.69	RERE
BZ	-0.46	0.23	-0.78	-0.75	0.52	0.86	0.85	0.69		BZ
	NGVC	IMKTA	DNUT	GO	ZH	YMM	TUYA	RERE	BZ

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BZ	+ 0.86	YMM
BZ	+ 0.85	TUYA
GO	+ 0.83	DNUT
TUYA	+ 0.82	YMM
RERE	+ 0.73	IMKTA
RERE	+ 0.73	ZH

High negative correlations

BZ	- 0.78	DNUT
BZ	- 0.75	GO
RERE	- 0.73	NGVC
TUYA	- 0.63	DNUT
RERE	- 0.61	GO
YMM	- 0.54	DNUT

Risk-Adjusted Indicators

There is a big difference between Dingdong Stock performing well and Dingdong ADR Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Dingdong ADR's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NGVC	2.51	(0.16)	0.00	(17.35)	0.00	0.00	3.74	(6.67)	42.36
IMKTA	1.15	0.01	(0.03)	0.16	1.41	(1.11)	2.30	(2.23)	5.85
DNUT	3.35	(0.49)	0.00	(0.27)	0.00	0.00	7.84	(5.72)	29.14
GO	2.06	(0.03)	0.00	(1.31)	0.00	0.00	4.11	(3.87)	11.45
ZH	2.12	0.45	0.12	(22.04)	2.04	(2.36)	6.13	(3.97)	11.38
YMM	2.10	0.26	0.08	0.45	2.39	(2.35)	5.13	(4.08)	15.94
TUYA	3.32	0.12	0.07	0.19	3.30	(4.19)	7.54	(6.38)	19.20
RERE	3.32	0.68	0.18	0.74	3.24	(4.01)	8.88	(6.54)	22.59
BZ	1.94	0.27	0.15	0.35	1.64	(2.36)	4.77	(3.13)	16.12

Dingdong ADR Corporate Management

Liang Changlin	CEO Founder	Profile
Yu Le	Chief Director	Profile
Xu Zhijian	Chief Officer	Profile
Hongli Gong	Chief Officer	Profile

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